Laser Childcare

Analysis

Laser Childcare is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Laser Childcare reported income of $2.1m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $2.1m (+47%), an average of +10% a year. The sharpest change came in the year to August 2022, when income rose by 44%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laser Childcare sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Vidalia Heritage Academy Inc ($2.1m), Grassroots Power Project ($2.1m) and Northeast Iowa Dairy & Agriculture Foundation ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $111k (5.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.7m against liabilities of $177k, net assets of $1.5m. It reported 92 employees.